Question

Which committee recommended the formation of RRBs?

• A. Sivaraman Committee
• B. Narasimha Committee
• C. Mangarajan Committee
• D. NITI Aayog

Answer 1

Answer:

B. Narasimha Committee

Regional Rural Banks (RRBs)

• Banks established to provide regional banking services in various states of India.

• Formed on the recommendation of the Narasimha Committee.

• India's first Regional Rural Bank established- Moradabad (Uttar Pradesh)

• Year of establishment of India's first Regional Rural Bank- 1975